Learn More

C2ER Blog

C2ER Updates State Business Incentives Database

C2ER has just finished its latest update of the State Business Incentives Database. This makes the State Business Incentives Database even more valuable to users who need the most up-to-date information on state programs.

There are eighteen programs expiring within the next year. According to the statutory information collected in the State Business Incentives Database, the four programs expiring in 2014 are tax credits. Of the fourteen programs expiring in 2015, ten are tax-based incentives and four are grants. All four of the grant programs are from New York.

Also of note, seven of the expiring incentives are for energy efficiency or renewable fuels programs such as the Illinois Solar and Wind Energy Rebate Program and the New York On-Site Wind Turbine Incentive Program.

The update identified thirty-one new incentives created since January 2013. There were six new programs in 2014. Of these programs, three were tax-based incentives. Twenty-five new programs were identified in 2013. Only seven of these programs were tax-based incentives.

C2ER does significant research to identify changes to existing incentive programs. The North Carolina and California film credit programs offer two great examples of how incentives can change from year-to-year.

The North Carolina legislature failed to renew a number of incentives, including subsidies for film and television production, solar energy, and historic preservation. Some lawmakers are pressuring the governor to extend the legislative session in the hopes of passing economic development legislation.

C2ER will continue to watch these programs for any developments. Users can continue to count on the State Business Incentives Database for accurate and up-to-date information on new and existing programs.